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Budget committee hears FY26 revenue forecast; parks plan and personnel costs reviewed
Summary
The Budget, Finance and Economic Development committee received an economic forecast from the University of Kentucky projecting payroll and net-profit tax growth for FY26, and staff presented parks fund planning and FY24 spending figures.
The Lexington Budget, Finance and Economic Development (BFED) committee received an economic forecast projecting modest revenue growth and a parks fund briefing during a meeting summarized for the full council on March 11, 2025.
Councilmember James Brown told the council that Dr. Michael Clark, director of the Center for Business and Economic Research at the University of Kentucky's Gatton College, presented an economic…
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